Excise Duty
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Central Excise | SVLDR Scheme: Procedural lapse cannot defeat substantive benefit
Rule 8 Not Applicable as Goods Sold to Independent Buyers & Sister Units: CESTAT Kolkata
CENVAT Credit Allowed as ISD Registration Requirement Was Only Procedural: CESTAT Bangalore
Tyres secured by plastic carry straps are not pre-packaged hence section 4A inapplicable
CENVAT Credit Allowed Across Units Because Rules Do Not Restrict Common Input Services
No Excise Exemption Allowed Due to Sale to Intermediary Instead of Direct Export: SC
Turnkey Assembly Not ‘Manufacture’ as No Excisable Goods Emerge at Site: CESTAT Bangalore
No Service Tax on Fund Transfers Due to Lack of Evidence of Service Provision: CESTAT Bangalore
CESTAT Orders Reconsideration of Excise Duty on Barbed Wire Due to Incomplete Findings
CESTAT Allows Post-Manufacturing Deductions, Quashes Excise Demand on Dabur India
Intimation Requirement Under Rule 6(3A) Is Procedural, Not Mandatory: CESTAT Ahmedabad
No Service Tax on Storage Tank Charges as Control Lies with Customer: CESTAT Chennai
Jharkhand HC Dismissed Appeals Due to Low Tax Effect & Settled Central Excise Rule 8(3A) Validity
CENVAT Credit Allowed as Six-Month Limitation Cannot Apply to Pre-Amendment Invoices
Latest Excise Duty News
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In today’s economic scenario the significance of taxes has increased and it now not limited to being a financial aid for the Governments. The Union or the Central Government imposes several taxes together with their state governments. Some of the taxes are also levied by local Municipalities as well. Excise Duty comes under the taxes which are levied by the Central Government as per the provisions laid out in the Excise Duty Act, Excise Duty Rules and Excise Duty notifications formulated by the Government.
Excise duty is an indirect tax which is levied on goods manufactured in India and are intended for home consumption. Manufacturing of the goods is the taxable event and the excise duty liability arises as and when the goods are produced. Excise duty is a tax on manufacturing that is payable by a manufacturer of goods, who passes the incidence on to their customers. The CBEC (Central Board of Excise and Customs) is the governing authority and it functions under Union Ministry of Finance’s Department of Revenue. Under the power conferred by the Central Excise Act, 1944, the Central Government levies taxes on production or manufacturing of goods. The excise tax rates are stated under the Central Excise Tariff Act, 1985.
At Taxguru, we provide you all the latest news on excise duty together with all the updates and excise duty notifications. We at regular intervals publish excise duty articles and blogs for the benefit of our readers. Get to know all the latest developments in the Excise Tax Act and all the latest amendments at Taxguru. Find out all the excise duty news and updates with respect to excise duty here at Taxguru. We ensure that we bring you all the accurate and comprehensive coverage relating to excise duty in India
